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China's Benchmark Power Coal Price Edges Up

Coal News - Published on Fri, 13 Sep 2019

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Xinhua, citing Qinhuangdao Ocean Shipping Coal Trading Market Co, reported that China's benchmark power coal price rose slightly during the past week as production control and increased consumption helped inflate coal prices. The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in north China's major ports, reached about USD 81.2 per tonne, a rise of one yuan week on week. Environmental and safety inspections in major coal-producing regions brought about production control in some coal mines, while local demand remained strong.

Analysts said that the daily coal consumption of major coastal power plants went up as high temperature hit the southeastern coastal areas. The purchase demand to stock up has also driven the price up as hydropower supply entering into annual weak season.

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Posted By : Rabi Wangkhem on Fri, 13 Sep 2019
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